{"id":23685,"date":"2011-10-31T15:50:11","date_gmt":"2011-10-31T10:20:11","guid":{"rendered":"https:\/\/www.amitbhawani.com\/blog\/?p=23685"},"modified":"2011-10-31T15:50:11","modified_gmt":"2011-10-31T10:20:11","slug":"steps-start-franchisor-franchisee-business-model","status":"publish","type":"post","link":"https:\/\/www.amitbhawani.com\/blog\/steps-start-franchisor-franchisee-business-model\/","title":{"rendered":"Steps to Start your Own Franchisor – Franchisee Business Model"},"content":{"rendered":"

\"Franchisee<\/a>You are running a successful business, you have more than 3 years of experience in running it. You have several people enquiring if you had a branch locally, in the different neighbourhood or different city. <\/p>\n

Maybe its about time to that you consider franchising as an expansion strategy. Several entrepreneurs thought they had a product or a service that had a universal appeal and ended up creating Subway, Dairy Queen, Coffee Bean and Tea Leaf, Aptech, Spykar and Kidzee. Their are no particular restrictions to franchising, in terms of what businesses can be franchised or not. Technically speaking, every business under the sun can be franchised, right from automotive care to apparel retailing, from preschool education to pet care. <\/p>\n

Unless you are running a super niche, individual personality dependent business for example, a cardiac care institute or so, you could look at franchising your business to expand your capabilities. <\/p>\n

Over the last nine years, we have seen several businesses that seem unusual at first successfully developing into much larger scaled up business. Back in 2002, Jumbo King Foods, a Mumbai based company launched a vada pav (Most Popular roadside Snack in Mumbai, comprising of a spicy potato filling) booth outside railway stations, few would have known that this would turn out to be a multi crore business with more than 40 Plus Locations across Mumbai. <\/p>\n

So, what does it take for you to start your Start your Own Franchisor – Franchisee Business Model, here is a ready checklist for you to consider: <\/p>\n

Brand Name and Identity:<\/strong> Create a peppy look for your brand, staff and retail stores. The identity should be contemporary and have a universal appeal or atleast to your respective targetted age groups. If you believe your brand is already the way it needs to be, get an opinion from some of your customers, or supplier and re-validate it. <\/p>\n

Training Programs:<\/strong> Franchising is synonymous with uniform identity and service, this can only be achieved with a robust training program. As a business owner you would take several routine practices to be standard but you would need to specifically pen it down and ensure how you would explain your business to a complete new bee. <\/p>\n

There would need to be different training programs for the store manager versus a retail store assistant with different responsibilities. As an entrepreneur you must systematize the whole learning process. A good starting point is to start noting your day-to-day schedule, how do you interact with customers, how do you deal with arrogant staff and so on. <\/p>\n

Build a team:<\/strong> Franchising is a game of cricket and not a game of chess. Franchising is all about team spirit. How rapidly you would grow, expand and prosper, depends on the team that you have. If you are a startup franchisor, do not worry, you can hire trainers, franchise professionals at a variable expense. Although for franchise sales, building an inhouse team is recommended. More on this in coming articles. <\/p>\n

Advertising and Promotions:<\/strong> Don’t fret, if you cannot hire Mahendra Singh Dhoni like Siyarams has, or Kareena Kapoor like Gitanjali has. You can start off with promotions in a simple cost effective way. Leverage the power of social media, build a user friendly website and so on. <\/p>\n

Potential Franchise Prospects:<\/strong> Any business that has been there for 2 to 3 years would have received atleast five to ten franchise enquiries, maintain a database and keep them posted about new developments with your company <\/p>\n

Well, this is just a starting point, to launch your own franchise model you would need to conduct a feasibility test as well as create a financial structure as well. More on that, shortly.<\/p>\n

Guest Writer :<\/strong> Dhawal Shah is India\u2019s first Certified Franchise Executive from IFA University and a leading franchise expert, his company Way2Franchise<\/a> has been instrumental in assisting more than 10 companies expand internationally and over 50 companies expand within India.<\/p>\n","protected":false},"excerpt":{"rendered":"

You are running a successful business, you have more than 3 years of experience in running it. You have several people enquiring if you had a branch locally, in the different neighbourhood or different city. Maybe its about time to that you consider franchising as an expansion strategy. Several entrepreneurs thought they had a product […]<\/p>\n","protected":false},"author":32,"featured_media":23686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1330],"tags":[],"class_list":{"0":"post-23685","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"entry"},"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2011\/10\/Franchisee-Business-Model.jpg?fit=350%2C233&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":5241,"url":"https:\/\/www.amitbhawani.com\/blog\/franchising-business-scope-india\/","url_meta":{"origin":23685,"position":0},"title":"Franchising Business & Its Scope in India","author":"Amit Bhawani","date":"August 7, 2009","format":false,"excerpt":"If you are a business man and are already running a good business offline then iam sure you are looking to expand to newer heights and this is when you would be looking for some opportunities which you can cover and make extra money through them. Guess that a business\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/www.amitbhawani.com\/blog\/category\/business\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3271,"url":"https:\/\/www.amitbhawani.com\/blog\/pc-hibernate\/","url_meta":{"origin":23685,"position":1},"title":"What is Hibernate Mode & its Use","author":"Amit Bhawani","date":"February 3, 2009","format":false,"excerpt":"There are several people who are always confused on what is PC Hibernate feature and what does it lead to when clicked. While you are using Windows Operating system, when you click on the Start > Turn Off Computer option you will find the Hibernate feature, which when clicked will\u2026","rel":"","context":"In "Windows Blog"","block_context":{"text":"Windows Blog","link":"https:\/\/www.amitbhawani.com\/blog\/category\/windows-blog\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/12\/Hibernate-Computer.png?fit=398%2C225&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1977,"url":"https:\/\/www.amitbhawani.com\/blog\/the-club-game\/","url_meta":{"origin":23685,"position":2},"title":"The Club Game Review","author":"Amit Bhawani","date":"November 5, 2008","format":false,"excerpt":"Bizarre Creations have come up with anew game called The Club that is slated to be an action game and involves a great deal of running and shooting people. The game can also be described as being a racing game in which you need to shoot people who come up\u2026","rel":"","context":"In "Online Games"","block_context":{"text":"Online Games","link":"https:\/\/www.amitbhawani.com\/blog\/category\/online-games\/"},"img":{"alt_text":"The Club Game","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/Images\/T\/The-Club-Games.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4475,"url":"https:\/\/www.amitbhawani.com\/blog\/make-money-content-traffic\/","url_meta":{"origin":23685,"position":3},"title":"Make Money = Quality Content + High Traffic","author":"Amit Bhawani","date":"May 28, 2009","format":false,"excerpt":"Whenever someone asks me a question on how to make money online, i have two things in my mind as a answer. 1. Do you have Real Good Content on your Website? 2. Do you have Huge Numbers of Visitors Visiting your Website? The equation Make Money = Quality Content\u2026","rel":"","context":"In "Make Money Online"","block_context":{"text":"Make Money Online","link":"https:\/\/www.amitbhawani.com\/blog\/category\/make-money-online\/"},"img":{"alt_text":"Make Money Online Easily","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/Images\/M\/Make-Money-Easily.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8239,"url":"https:\/\/www.amitbhawani.com\/blog\/tedxhitechcity-bharatanatyam-smitha-madhav\/","url_meta":{"origin":23685,"position":4},"title":"TedxHitechCity Session 1 Bharatanatyam by Smitha Madhav","author":"Amit Bhawani","date":"January 31, 2010","format":false,"excerpt":"Finally after a long wait, the TedxHitechCity event has started at 09:20Am , which is around 20mins behind the schedule. The first Session is based on Earth which was scheduled at 9:00 \u2013 10:45Am with Smitha Madhav, Kanna, Balasubramanian, Mujeeb, Sarath Guttikunda. The event started with a Introduction to the\u2026","rel":"","context":"In "Tech News"","block_context":{"text":"Tech News","link":"https:\/\/www.amitbhawani.com\/blog\/category\/tech-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/12\/Smitha-Madhav-Tedx.jpg?fit=480%2C640&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11652,"url":"https:\/\/www.amitbhawani.com\/blog\/organize-tabs-into-groups-with-firefox-tabs-manager\/","url_meta":{"origin":23685,"position":5},"title":"Organize Tabs into Groups with Firefox Tabs Manager","author":"Amit Bhawani","date":"June 14, 2010","format":false,"excerpt":"Managing Multiple Tabs in Firefox Browser at times becomes a hectic task because the more number of tasks you are running, the more confusion arises because of this. Also the browser takes the maximum amount of resources when all of these tabs are loaded and running. A better option available\u2026","rel":"","context":"In "Browsers Blog"","block_context":{"text":"Browsers Blog","link":"https:\/\/www.amitbhawani.com\/blog\/category\/browsers\/"},"img":{"alt_text":"Firefox Tabs Manager","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/06\/Firefox-Tabs-Manager.png?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/06\/Firefox-Tabs-Manager.png?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/06\/Firefox-Tabs-Manager.png?resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/posts\/23685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/comments?post=23685"}],"version-history":[{"count":0,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/posts\/23685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/media\/23686"}],"wp:attachment":[{"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/media?parent=23685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/categories?post=23685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/tags?post=23685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}